avidXchange.com Selects Clarus B2B Platform; Clarus to Power e-Marketplace for Real Estate Operations.Business Editors ATLANTA--(BUSINESS WIRE)--July 25, 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 solutions provider, and avidXchange.com, an e-marketplace for real estate operations, today announced an alliance to provide an online marketplace solution for commercial real estate management with the integration of the two companies' products and services. The award-winning, Clarus eMarket(TM), recently chosen by Microsoft (NASDAQ: MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ) as the Worldwide eCommerce Solution of the Year, will be the B2B platform to power avidXchange.com's web-based real estate marketplace. avidXchange.com fosters procurement between real estate companies and property managers, and various suppliers, distributors and vendors via the web. By creating an e-commerce platform, avidXchange.com's goal is to improve procurement proficiencies not only for real estate operators but for industry vendors and suppliers as well. "Clarus is the technology partner we have selected to provide a solution set positioning avidXchange.com to be the real estate industry's leading online marketplace for more efficient business-to-business processes, including procurement, bid management, and back-office integration," says Mike Praeger, chief executive officer of avidXchange.com. "By teaming up with Clarus, we will position avidXchange.com as the pioneer of e-procurement services for the real estate industry, hosted by the most innovative B2B technology platform available and a partner that understands the needs of e-market makers," continued Praeger. Clarus eMarket is a true many-to-many B2B framework that is built exclusively on 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. (R) DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. 2000 and Commerce Server 2000 platform. EMarket provides net market makers a flexible, robust platform for deploying digital marketplaces providing leveraged 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. to online communities. In addition to utilizing the Clarus supplier enablement Supplier Enablement is the process of electronically connecting suppliers (or other trading partners) to a company's supply chain. Supplier enablement is achieved when suppliers of goods and services are connected to a company's back-office systems to exchange critical business and content management services, avidXchange.com will also take advantage of Clarus(TM) View for a wealth of online analytics to track spending, trends and various supplier statistics of its marketplace. 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. Building Owners and Managers Association This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. International (BOMA Boma (bō`mə), city (1984 pop. 197,617), Bas-Congo province, W Congo (Kinshasa), on the Congo River estuary. A port and railhead, it exports tropical timber, bananas, cacao, and palm products. ), commercial real estate operators and their primary vendors spend more than $81.7 billion annually on products and services needed to support their properties. These services include landscaping, janitorial, security, HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free repair and maintenance, electrical, plumbing and roofing. "We are pleased to partner with avidXchange.com in this real estate vertical which has such incredible market potential," said Steve Hornyak, chief strategy officer for Clarus. "Clarus eMarket combined with the trading services available through ClarusNet will provide the flexible open B2B platform required to provide a marketplace suited to the unique property management procurement needs." About avidXchange.com Headquartered in Charlotte, NC, avidXchange.com has created an e-marketplace for commercial real estate operations where property owners and managers can efficiently source and purchase services, products, and supplies from service contractors, suppliers and manufacturers. The exchange is an e-commerce site connecting property managers to their suppliers to facilitate more efficient, cost-effective commerce via the web. For more information about avidXchange.com, visit www.avidXchange.com. About Clarus Atlanta-based Clarus Corporation (www.claruscorp.com; NASDAQ: CLRS), a leader in business-to-business (B2B) e-commerce, provides B2B 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 trading services that exploit the global marketplace of the Internet to manage corporate purchasing and enable digital marketplaces. ClarusNet(TM), a fully managed service portal, provides a comprehensive range of critical trading services such as payment settlement, supplier enablement, auctions, integration, and analytics. Designed to provide unprecedented interoperability, ClarusNet enhances the value and speeds delivery of any B2B trading platform including Clarus(TM) eProcurement and Clarus eMarket(TM). Clarus solutions are being deployed at customer sites including Burlington Northern Santa Fe Corp., Cinergy, Comcast Corporation, First Data Corporation, Gjensidige NOR, MasterCard International, MetLife, Parsons Brinckerhoff, Perot Systems and Wachovia. 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 BUSINESS OR PROSPECTS EXPECTED BY THE COMPANIES 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, INCLUDING THOSE DISCUSSED IN THE REGISTRATION STATEMENT ON FORM S-1. Clarus, ClarusNet and Clarus eMarket are trademarks of Clarus. 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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