Date Posted: 5/23/2001
RAILMARKETPLACE.COM SELECTS CLARUS
– Clarus to Provide Software to the World's Largest Rail Electronic Procurement Site –
ATLANTA May 21, 2001 – Clarus Corporation (NASDAQ: CLRS), a leading business-to-business (B2B) e-commerce software solution provider, announced today it will provide e-based sourcing, procurement and payment settlement solutions to four of the six founders of RailMarketplace.com, the world's largest rail industry electronic exchange.
RailMarketplace.com was founded by Burlington Northern Santa Fe (BNSF), Canadian National (CN), Canadian Pacific Railway (CPR), CSX, Norfolk Southern (NS), and Union Pacific (UP) to create efficiencies associated with sourcing and procuring goods and services by doing business online. Collectively, they procure more than $15 billion a year in goods and services. Of the six, BNSF, CPR, NS and UP will use the Clarus software to provide the automation and integration needed to run their electronic procurement process and help generate procurement cost savings. CN and CSX will continue to use their existing software. Others in the rail industry, including regional, shortline and commuter railroads, can participate in the open procurement environment being created by RailMarketplace.
The initial objective of RailMarketplace.com is to bring buyers and suppliers from across North America online. Its longer-term goal is to extend the value of RailMarketplace.com to the worldwide rail industry. Clarus has proven success with the rail industry, having assisted Burlington Northern Santa Fe (BNSF) with its internal procurement initiatives last year.
"Clarus is able to deliver some unique capabilities in the areas of auctions and online payment settlement that will bring significant added value to the trading partners," said Mark Davis, interim CEO for RailMarketplace.com. "Clarus demonstrated an incredible sense of collaboration during our selection process. This attribute makes Clarus the type of partner that will be critical to the integration of our marketplace."
The comprehensive Clarus software suite offers RailMarketplace.com members:
Clarus AuctionsTM features competitive bidding, dynamic pricing, auctioning and wireless capabilities;
Clarus eProcurementTM, an on-ramp to the marketplace, managing global procurement/requisitioning, and featuring user-driven business controls and automated workflow for routing and approvals;
Clarus SettlementTM for settling global payment, integrating financial institutions, managing marketplace revenue, netting payment and reconciliation.
"We are extremely excited about the opportunity to work with the leaders in the rail transportation industry as they evolve procurement practices that reduce their costs and bring value to their shareholders," said Steve Jeffery, CEO and president of Clarus. "Our track record with BNSF shows that Clarus can deliver results by streamlining the procurement process and enabling rapid deployment."
About Clarus
Atlanta-based Clarus Corporation (NASDAQ: CLRS, www.claruscorp.com), a leader in business-to-business (B2B) e-commerce, provides Internet Purchasing software and services that bring the benefits of B2B e-commerce to the mainstream marketplace - large-to-mid-size enterprises (LME). Clarus offers a complete online procurement platform, from sourcing to procurement to settlement, delivering affordable flexible systems that can be deployed rapidly, resulting in real, measurable returns. Clarus products are built exclusively on the Microsoft.NET platform, making them easy to implement, manage, and integrate with existing and future IT infrastructures. Clarus solutions have garnered many prestigious awards, including Microsoft’s 2000 Global eCommerce Solution of the Year. Clarus solutions are deployed at such customers as: Burlington Northern Santa Fe Corp., Cox Enterprises, MasterCard International, Union Pacific Corporation, MetLife, Smurfit-Stone Container Corporation, Parsons Brinckerhoff, and Wachovia.
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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.
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.
MEDIA CONTACTS
Goldie Margolis
Clarus Corporation
770-291-5344
margolisg@claruscorp.com
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