ClearCross Continues Record Performance with Q2 Results; Focused Strategy and Rapid ROI Attract New Clients.Business/Technology Editors RESTON, Va.--(BUSINESS WIRE)--Aug. 13, 2001 ClearCross today announced record Q2 performance with new contracts valued in excess of $10 million. On a year-to-date basis, the company has performed at 119% of plan. Success in today's challenging economic climate is due largely to the credibility ClearCross continues to demonstrate through accelerated ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). . The strategy to deliver enhanced international trade solutions to specific, but sizeable, vertical markets has enabled ClearCross to consistently outpace out·pace tr.v. out·paced, out·pac·ing, out·pac·es To surpass or outdo (another), as in speed, growth, or performance. outpace Verb [-pacing, providers of more shallow or less technology-robust solutions. Unlike other suppliers, ClearCross focuses resources to provide deep content that addresses specific regulatory, logistical and financial constraints threatening profitability in the chemical, energy, high-tech, pharmaceutical and consumer packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one industries. Throughout 2001, more than 50% of ClearCross' revenues are derived from outside the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , cementing its position as the most global player among non-ERP companies in the supply-chain software space. ClearCross' technology solutions align to the needs of global corporations who want to simplify and standardize stan·dard·ize v. 1. To cause to conform to a standard. 2. To evaluate by comparing with a standard. trade and materials compliance processes on a worldwide basis. Companies are turning to ClearCross to create efficiencies across their entire value chain. For example, BP has recently secured solutions based on the success at its Castrol lubricants lubricants preparations for the lubrication of passages to reduce frictional injury, e.g. oily preparations, including petroleum jelly, lanolin or water-soluble preparations such as methyl cellulose. business. Cliff Benton, Environmental Health and Safety Manager for Castrol explains, "Revenues have been accelerated by our ability to access global markets more quickly than ever before. Use of ClearCross in the product development phase reduces time to market, while enhanced customer service increases product sales and market share." The ability to utilize ClearCross solutions from origination to destination--and from design to delivery--is clearly illustrated by its growing deal size. ClearCross' Q2 average sale increased by 20% over Q1 reaching $1.2 million. Over 50% of new contract value came from existing customers emphasizing the strength of ClearCross' relationships and commitment to its current customer base. New customers include American Honda and Quest. "We expect continued growth in our market as global corporations look to ClearCross to be their sole provider of global trade content supplementing their enterprise systems on a worldwide basis," states Bruce Johnson For the American politician, see Bruce Edward Johnson. Bruce Johnson co-founded a Canadian personal income tax software company named WinTax in 1992 with fellow University of Alberta graduate Chad Frederick. , 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 ClearCross. "Our focus on our key verticals will continue to fuel our growth." About ClearCross ClearCross Inc. (www.clearcross.com) is the only global technology company that provides a single knowledgebase for planning, compliance, and documentation content needed to effectively execute - and accelerate - international trade. Solutions are managed to meet the specific requirements of companies competing in the chemical, energy, high-tech, pharmaceutical and consumer packaged goods arenas. ClearCross is also the first provider to include (M)SDS 1. (company) SDS - Scientific Data Systems. 2. (tool) SDS - Schema Definition Set. and hazMAT phrases to its solution suite that features worldwide visibility from origination to destination. As the only global supply chain provider, ClearCross is uniquely positioned to support international trade requirements -with over half of its revenues from outside of the United States- and services more than 1,000 customers in 22 countries. ClearCross' comprehensive portfolio enables businesses to expand worldwide sales and dramatically streamline product development, fulfillment and procurement processes. ClearCross is privately held and headquartered in Reston, Virginia Reston is an internationally known planned community whose goal was to revolutionize post-World War II concepts of land use and residential/corporate development in American suburbia. , USA. |
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